The Best ATM Banks for Kids

As a kid, I wasn’t at all concerned with where my money was coming from. Mom and Dad simply paid via cash, check (I’m dating myself), or credit card when I needed something. But I was acutely aware that there wasn’t an endless supply of it.

Now, having kids of my own, I want them to understand that money doesn’t, in fact, grow on trees. One way all of us as parents can help our kids really grasp this point is by showing them real-world skills.

Using an ATM is something we all do frequently, so using an ATM bank toy is a great tool to help give your kids some street smart financial knowledge. By introducing financial concepts through play, you’re helping your kids find the fun in it. In this article, we’re going to share all the things you need to know when choosing the best ATM banks for kids.

Why an ATM Bank is a Great Toy

1 – An ATM Bank Toy Teaches Responsibility at a Young Age

Kids are born with the “money grows on trees” mentality. As toddlers, we shower them with affection – and toys. Toys at birthdays, toys at Christmas, you know the drill. An ATM bank for kids helps them learn that you have to have money to buy “all the things,” and once the money is gone, it’s gone. Once it’s spent, it’s spent. Whatever goes into the ATM for kids is all that can come out – and no more.

2 – ATM Banks Allows for Better Financial Discipline

By using a toy such as an ATM bank, children will learn valuable life skills like financial discipline. Your child will be light years ahead by the time he or she gets to high school and college, and their peers are racking up credit card debt. Because of your early attention to your children’s financial discipline skills, your kids are going to have already learned how to save, spend, earn, and invest!

Note: As with teaching any financial concept to your kids, you’re going to have to play an active role if you want them to really understand the concept. Have

patience if they don’t “get it” at first, or if they’re uninterested. Repeated attempts will ensure success.

3 – Kids Love Money

From a very young age, kids understand that money buys them things. How many times have you been to the store, only to hear your little one say, “can I get a toy?” They know that whether it’s cash or your credit card, either of those is the ticket to more fun stuff. Because kids have a natural inclination to want to know more about money – with their motivation being to acquire more fun toys – an ATM bank is a great toy for kids.

Things You Must Know While Choosing The Best ATM Bank For Kids

1 – Remember to Have Fun

Above all, have fun while teaching! This is one thing that first time parents, especially, have a hard time with. We want to make sure our children are as smart as possible, as early as possible. But nothing sucks the life out of the party quicker than taking the fun out of it.

Kids enjoy playtime, and it’s how they learn.

So find ways to make it fun, and again, don’t be overly hard on them if they don’t “get it” right away. If you can turn education into game time, your kids will be happy, and you will be happy.

2 – Look for Age Appropriate Features

There are quite a few ATM bank toys on the market. Some are meant for younger kids, to engage and get them interested in money. Others are meant for older kids, to help teach the concepts of spending and saving. Either way, there’s really something for everyone. We started using these toys with our kids when they were around 4 or 5 years old, and they’ve proven extremely valuable.

3 – ATM Bank Toys are Affordable

Money is a concept that is equally important for all of us to learn and to teach our kids. Each of the ATM bank toys on our list affordably runs from $30 to $65. This makes ATM bank toys easily accessible and great for your kids, or even as great gifts for those other littles on your list.

Some of the Best ATM Banks for Kids

We dug into what ATM bank toys are on the market now, and we found some great options. Without further ado, here are five of the best ATM banks for kids. We love these for their kid-friendly designs and features. We hope you enjoy these toys! Bookmark and save this list for easy reference.

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